EUR/AUD Lost Upside Impulse

Technical Reports

Trading tone is neutral, as the cross failed to take out resistance 1.6353 and retreated. Pivot points are at: (S1) 1.6215; (P) 1.6287; (R1) 1.6346.

Overcoming of resistance 1.6353 will point out resumption of larger uptrend and aline key resistance 1.6587. Trading below support 1.6145 will back focus to support 1.5984.

Uptrend from 1.3624 is extending, and further growth should be seen to retest 1.6587. Overcoming of support 1.5601 will be the first signal of a medium term trend reversal. Break of 1.6587 will renew the long term growth and aline fibonacci level 1.7488.